When working on financial services projects, we often encounter industry jargon that can be confusing. While it is possible to treat these jargons as variables such as X, Y and Z and still deliver high quality work, understanding these terminologies will make you appreciate your job even more. The term ‘financial institution’, for instance, evokes images of stately banks and […]
A Payment Credit Alert (PCA) is a notification that is sent to a counterparty when their credit exposure to another party exceeds a certain threshold. The threshold is typically set by the counterparty’s risk management team, and it is based on a number of factors, including the counterparty’s financial health, the size of the transaction, and the terms of the […]
Counterparty credit risk is the core concern that one party in a financial contract will default. Let’s explore some common terminology used in counterparty credit risk technology and management. Key Terms Explained Counterparty Credit Risk – The risk that a counterparty defaults on obligations in a financial transaction before settlement. This results in potential losses. Margin – A deposit one […]
In the intricate ecosystem of financial markets, the Over-the-Counter (OTC) derivatives market holds a position of significance. Unlike the traditional stock exchanges where trades occur in a centralized, open forum, the OTC derivatives market operates more discreetly, often puzzling those unfamiliar with its nuances. In this blog, we will unwrap the layers of the OTC derivatives market, shedding light on […]
Derivatives are common but often misunderstood tools used in finance. This post explains what derivatives are, how they are valued, and how traders buy and sell them. What are Derivatives? A derivative is a financial instrument whose value depends on (or ‘derives’ from) the value of an underlying asset or set of assets. These underlying assets can be stocks, bonds, […]
Counterparty credit risk (CCR) is a major concern in finance. CCR is the risk that a counterparty in a financial contract won’t meet obligations. Technology is transforming how institutions manage this risk. This post looks at key innovations improving CCR management. What is Counterparty Credit Risk? Before delving into the technology behind it, it’s crucial to understand what CCR is. […]
In our increasingly connected world, cybersecurity has become a vital aspect of daily life. Protecting our personal information, sensitive data, and online privacy is more important than ever. To help you navigate the complex landscape of cybersecurity, we’ve put together a guide covering the latest threats, essential tips for online safety, and crucial tools to keep your digital life secure. […]
Hey there, gaming enthusiasts! 👋🕹️ As technology continues to evolve, so does the world of gaming. With virtual reality (VR) and augmented reality (AR) making waves, the future of gaming promises to be more immersive and engaging than ever before. Let’s take a closer look at these exciting innovations and what they mean for the gaming landscape moving forward. Virtual […]
Artificial intelligence (AI) has been making remarkable strides across various industries, and healthcare is no exception. From enhanced diagnostics to personalized treatment plans, AI is revolutionizing how we approach medicine and patient care. Let’s take a closer look at some of the ways AI is transforming healthcare and what it means for the future of medical practice. Improved Diagnostics AI-driven […]
Quantum computing has been making waves in the world of technology, promising to reshape the way we approach complex problems and revolutionize various industries. But what exactly is quantum computing, and what implications does it have for our future? Let’s dive in and explore this exciting new frontier in computing! What is Quantum Computing? In a nutshell, quantum computing leverages […]
The world of technology has some incredible surprises in store for us. From AI-powered devices to cutting-edge wearables, we’ve compiled a list of the top 10 must-have gadgets that will redefine the way we live, work, and play. Let’s dive in and explore the future of tech! 🌟 Next-gen smartphones The future of smartphones is all about flexibility and power. […]
As a Java developer, understanding and applying essential software development principles is crucial to creating high-quality software. These principles, including SOLID and DRY, provide guidelines for crafting efficient, maintainable, and scalable solutions, setting a strong foundation for successful software development projects. In this blog post, we’ll provide a high-level introduction to these principles and their importance in Java development. SOLID […]
Software engineering has been getting a lot of buzz lately, and for good reason! This profession has become a key driving force behind the ever-evolving digital landscape. But what makes software engineering so cool, and why should students consider diving into this dynamic field? Let’s explore the ins and outs of this trendy career choice! 🕶️👨💻👩💻 First off, let’s decode […]
Today, I want to give a massive shoutout to all the incredible female software engineers out there, who are not only breaking stereotypes but also making significant contributions to the tech industry. They’re proving that talent and passion transcend gender boundaries and that they can shine just as brightly as their male counterparts. Let’s put the spotlight on these amazing […]
Here’s a collection of my old personal and school projects where I learned about various frontend technologies and design topics such as responsive website (a lot of work), HTML5, JavaScript and CSS5. WordPuzzle Craze WordPuzzle Craze is a fun and engaging word search game where players must find and connect hidden words within a grid of letters. The game includes […]
I have attended thousands of scrum meetings throughout my career as a Software Engineer, and I’d say not all scrum meetings are created equal and so In this blog post, I’d like to talk about what is generally considered as best practice for running a scrum meeting or at least how I think a scrum meeting should be run. As […]
While working at a medium-sized bank in Ireland, I discovered the UK’s Open Banking Initiative and began searching for opportunities in the UK to explore this intriguing technology and concept. Eventually, I joined a large commercial bank with its headquarters in the UK and a global presence. One feature of Open Banking that I found particularly exciting is the ability […]
Have you ever dreamed of soaring over a bustling city, taking in its breathtaking views from high above? I certainly did, but the thought of spending a small fortune on a helicopter tour always seemed unattainable. However, my determination to experience this adventure led me to take on extra work teaching college students during weekends, while also trimming down my […]
I have been working in the Financial Services Industry for quite some time now, and I am still learning every single day about the various things that banks can do and are doing. One of the most fascinating subjects related to Retail Banking Technology, is Fractional Reserve Banking, and in this article, I am going to share with you what […]
After a short time working on Biometrics Authentication, I felt I had learned everything I needed to know about the technology, so I decided it was time to move on and join the Financial Services Industry. While Retail Banking Technology may not be as exciting as Biometrics or Location Intelligence, it proved to be a very rewarding experience, as I […]
If there’s one company I was most excited to join, it was the Biometrics Authentication Firm in Dublin. In 2016, shortly after delivering a mobile app for a major Irish bank, I discovered biometrics authentication. I was so fascinated by their technology that I purposely lowered my salary expectations to incentivize the company to hire me. I spent the first […]
One of the most intriguing projects I worked on as a Software Engineering Consultant was for a major Irish bank back in 2014, when mobile technology and applications were just beginning to make a significant impact. I collaborated with some of the most skilled frontend developers and analysts to develop a Mobile Account Onboarding system, which was perhaps one of […]
The first time I used Google Earth and Google Maps, I was captivated by the technology and its usefulness. I recall being deployed to Australia in 2006 as a Junior Software Engineer when, to my knowledge, Google Maps and Google Earth weren’t available yet, or at least I didn’t have a phone that could take advantage of them. Consequently, I […]
After nearly two years in the telecommunications industry, I relocated to the Republic of Ireland to continue my software engineering career. My first job here was in the health sector, working for a small start-up company that aimed to innovate how hospitals and health clinics send and receive laboratory results. Our smart solutions eliminated inefficiencies in transmitting lab results by […]
My first software engineering project took place at a major telecom company in Australia. I was sent to Sydney to work with a client who was rolling out 3G services for the first time. This experience gave me my first taste of innovation in the telecom industry. I witnessed how it significantly reduced the cost of mobile internet access and […]
Despite the numerous innovative solutions and advancements in various aspects of human development, it’s puzzling to observe that people worldwide, including those in highly developed countries, seem to be experiencing increasing poverty. The growing inequality, dwindling job opportunities, and mounting problems faced today compared to the past give rise to concerns about the future. One might wonder what factors contribute […]
As we continue to advance in the digital age, computer science plays an increasingly vital role in shaping our world. For high school students considering their future career paths, studying computer science can unlock numerous opportunities and provide valuable skills that will benefit them throughout their lives. In this article, we’ll delve into the compelling reasons why high school students […]
In the competitive world of software engineering, maximizing productivity and maintaining focus are essential for success. The Pomodoro Technique, a proven time management method, can help software engineers tackle complex tasks and projects with greater efficiency. In this article, we’ll explore the Pomodoro Technique for software engineers and provide practical tips for implementing this powerful productivity tool in your daily […]
Time management is a critical skill for software engineers, as they often juggle multiple projects, deadlines, and responsibilities. The Eisenhower Matrix, a time management technique, can help software engineers effectively prioritize tasks and make the most of their valuable time. This article will explore the Eisenhower Matrix for software engineers, providing practical tips for implementing this powerful tool to boost […]
The Pareto Principle, commonly known as the 80/20 rule, is a powerful concept that can revolutionize the way software engineers approach their work. By understanding and applying this principle, you can significantly improve your productivity and overall success in the field. This article will explore the Pareto Principle for software engineers and provide practical strategies for leveraging the 80/20 rule […]